AMTREX-Excise Cuts Help

Emerging from Recession Although the stock market is stilt morbid, the equity share of Alias Copco (India) is quoted at a high rate of over 65 per cent price-earnings ratio. This, of course, is in terms of the company's results so far for the year ended March 31, 1992. But it shows a sense of confidence about the company on the market which its 1991- 92 results have helped restore. The com- pany returned to dividend list, declaring a modest dividend of Re 1 per share, as it overcame the impact of the recessionary trend in the mining and construction industries during the yaar. Not only did sales income improve, but there was also a fair amount of net profit on hand to declare and pay a dividend to the shareholders. According to the directors, the welcome turn for the better in demand for the company's products is to show further improvement with the industrial, fiscal and monetary reforms announced by the government.